Elon Musk Asks Judge To Halt Twitter Trial – Deadline

UPDATED with judge’s decision: The judge overseeing the Elon Musk-Twitter legal fight has just agreed to stay the trial, giving Musk until 5 pm on Oct. 28 to close the deal. Otherwise, she will set another trial date for next month. The proceedings had originally be set to begin on Oct. 17. “This action is stayed until 5 p.m. on October 28, 2022, to permit the parties to close on the transaction. If the transaction does not close by 5 p.m. on October 28, 2022, the parties are instructed to contact me by email that evening to obtain November 2022 trial dates,” ruled Delaware Chancery Court Judge Kathaleen McCormick. UPDATED with Twitter response: Elon Musk’s attorneys formally asked a judge to stay the trial set to start Oct. 17 after the Telsa CEO earlier this week agreed again to buy Twitter for $44 billion. Twitter opposed Musk’s motion, calling it “an invitation to further mischief and delay.” The Musk team said a close would be possible “on or around Oct. 28,” which is after the trial date. Twitter’s view is that Musk must close the deal before proceedings start on the 17th. “At a minimum…Defendants should be arranging to close…
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